4. Industries
The chapter explores the complex processes involved in transforming raw materials into valuable products through various industries. It discusses the classification of industries based on raw materials, size, and ownership, and highlights the factors affecting industrial location, such as availability of resources and market access. Additionally, the chapter covers the significance of iron and steel industries as foundational to modern economy and the implications of industrial disasters.
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What we have learnt
- Industries transform raw materials into products with greater value.
- Industries can be classified by raw materials, size, and ownership.
- The iron and steel industry is often referred to as the backbone of modern industry due to its extensive applications.
Key Concepts
- -- Industry
- An economic activity concerned with the production of goods, extraction of minerals, or provision of services.
- -- Agrobased Industry
- Industries that use plant and animal products as raw materials.
- -- Mineralbased Industry
- Industries that use mineral ores as raw materials for production.
- -- Small Scale Industries
- Industries that use limited capital and technology, often producing smaller volumes of goods.
- -- Iron and Steel Industry
- A major industry that processes iron ore into steel, serving as a foundational element for other industries.
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